The CTA’s 2014 budget calls for no fare increases or service cuts. That’s good news.
The total operating budget is $1.38 billion, about $44 million more than the forecast 2013 budget of $1.34 billion.
The budget plan also includes the following capital improvements projects scheduled to start next year:
- The $240 million 95th Street terminal.
- Reconstruction of the Wilson Red Line station – a $203 million project.
- The new station at Cermak on the Green Line at a cost of $50 million.
Continuing projects include:
- The $71 million Ravenswood Connector project to upgrade the track and rail structure between Chicago and Armitage on the Brown and Purple elevated lines.
CTA also expects ridership to grow by about 1 percent over 2013 to almost 535 million. View the full budget on the CTA website.
A public hearing will be held on Tuesday, Nov. 12, at 6 p.m. at CTA headquarters, 567 W. Lake Street, second floor conference room. That’s it, your only chance to comment.
Interestingly, Metra is holding eight public hearings over two days on its budget, while Pace is hosting 13 hearings.
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